You are currently viewing: News



12-04-2017

Total-Hanwha JV invests $450M to expand its refining & petrochemicals platform

Hanwha Total Petrochemical, a 50/50 joint venture between Hanwha and Total, will invest to expand its Daesan refining & petrochemicals integrated platform. The planned $450 million investment will increase the site’s ethylene capacity by 30% to 1.4 million tons per year.
 
Daesan is one of Total’s six world-class integrated platforms and a strategic asset for Hanwha. This site which is comprised of a highly flexible condensate splitter, a competitive steam cracker and polymers, styrene and aromatics units, generated a net result of nearly $1 billion in 2016.
 
The extension will significantly increase the site’s flexibility, enabling it to process competitively priced propane feedstock which is abundantly available, notably due to the shale gas revolution in the United States. The expansion project is set to be completed by mid-2019.
 
The additional ethylene production will meet local demand and also supply the nearby fast-growing Chinese market which imports a significant part of its ethylene requirements.
 
“This project is part of our strategy to invest in world-class integrated platforms to develop petrochemicals based on competitive feedstock and targeting high-growth markets,” said Bernard Pinatel, President Refining & Chemicals of Total. “The investment reflects the strong partnership with Hanwha and will contribute to the growth of our Refining & Petrochemicals cash flows.”

Sponsor : 

Other News Items

Dangote Oil Refinery selects equipment and technology from Honeywell UOP

UOP LLC, a division of Honeywell International Inc, today announced that it has won a contract from Dangote Oil Refinery Company Ltd. for critical equipment, technology ...

27-04-2017

Emerson expands its family of non-intrusive temperature instrumentation

Emerson Automation Solutions introduces a new platform for its Rosemount™ X-well™ Technology surface sensing temperature measurement solution. The X-well ...

27-04-2017

Orpic selects NelesĀ® emergency shutdown valves from Metso

Metso will supply 400 industry-leading Neles® emergency shutdown (ESD) valves for an ethylene cracker as part of the new Liwa Plastics Industrial Complex (LPIC) Project ...

26-04-2017

Lubrizol selects Jacobs to provide EPC services for new polyisobutylene unit

Jacobs Engineering Group Inc, has been selected by Lubrizol to provide engineering, procurement and construction (EPC) services for Lubrizol’s new Polyisobutylene ...

26-04-2017

Servomex appoint Andrew Thompson as VP global marketing & business development

Servomex has appointed Andrew Thompson to the role of Director, VP, Global Marketing & Business Development, based at the UK Technical Centre in Crowborough, UK. Andrew ...

25-04-2017

Honeywell introduces software development kit simplifying IIoT connectivity

Honeywell Process Solutions today announced the first robust, fully scalable software toolkit that simplifies the interconnection of industrial software systems, enabling ...

25-04-2017

TrendMiner predictive analytics software selected by Total

TrendMiner predictive analytics software was selected by Total to facilitate self-service analytics and process performance optimization of its Refining & Chemicals ...

24-04-2017

AspenTech acquires rights to operator training simulator framework software

Aspen Technology, Inc, the asset optimization software company, announced it has acquired rights to Operator Training Simulator (OTS) framework software from Inprocess ...

24-04-2017

Indian Oil wins award for best innovation in refineries

IndianOil R&D bagged an award for “Best innovation in Refineries” under Team category for the performance improvement of FCC Unit of Gujarat Refinery ...

24-04-2017

Neste Jacobs to perform a comprehensive energy study for Unipetrol's Litvinov refinery

Technology, engineering and project management company Neste Jacobs and the leading refinery and petrochemical group Unipetrol, which constitutes an important part of ...

20-04-2017